To discuss the development of a meeting of the 17th Staff Representative Conference

On February 8, 2012, Yuchai Group held the first meeting of the 17th Workers' Congress in the Cultural Center. 745 employee representatives and 11 delegates from various units of the Yuchai Group attended the meeting to discuss strategies for severe market response in 2012 and major development plans for the “12th Five-Year Plan”.

Yuchai Staff Representative Conference

Gao Ping, Gu Tangsheng, Wu Qiwei, Li Tiansheng and other 34 senior executives attended the meeting. Yu Ping, chairman of the Board of Directors and Secretary of the Party Committee of Yuchai Machinery Group Corporation, made an important speech at the conference.

Fu Ping made an important speech at the meeting

In his speech, Yu Ping reviewed and summarized the group's business operations in 2011. Mu Ping said that in 2011, all Yuchai builders achieved brilliant results in the extremely tough market and fierce competition in the industry: Yuchai Group realized a total sales revenue of 42.871 billion yuan, an increase of 15.72% year-on-year, and the victory took over 400 points. The goal of 100 million yuan is once again writing a miracle against the rise. Among them, the group company system has a strong rise. The sales revenue of the four major segments, including construction machinery, energy and chemicals, special vehicles, and auto parts, has increased significantly; the company has achieved sales of 510,000 units of engines, and its sales volume has returned to the top of the industry, with market share from 2010. 18.18% of the year increased to 19.23% in 2011, an increase of 1.05%.

Junping pointed out that although we have achieved outstanding results in the past year, we must also clearly see that the national economic growth rate will further slow down in 2012, and the market situation in the automobile and construction machinery and other industries will become more severe. As competition has intensified, we must strengthen our awareness of the crisis, build confidence, and plan ahead in preparation for the winter. In 2012, the Group’s operating principle was “to increase quality and ensure growth, wide open source to promote development”, and the business objective was established as “sales revenue of 46 billion yuan”, “to achieve simultaneous growth of total profits and taxes and sales scale”. In order to achieve Yuchai Group's 2012 policy goal and the one-hundred-twenty-billion target of the “Twelfth Five-Year Plan” in the last year, Fuping put forward new hopes and requirements.

In the construction of the cadre ranks, Junping pointed out that the key to the development of Yuchai’s 100 billion yuan business is the leadership team and the cadre team. The group has gone through a glorious time for Jiazi. In the second year of the “Twelfth Five-Year Plan”, it is the critical year for the development of the group. We must push forward with greater scale and higher speed. The one-hundred-fifth goal of the "Twelfth Five-Year Plan" is the greatest responsibility and mission of the management team. Leading cadres at all levels must always think of officers, officers, officials, and officials in order to improve themselves from the perspectives of concepts, styles, responsibilities, and abilities, and refrain from "short, arrogant, lazy, scattered, and mediocre" so as to achieve " With a wide field of vision, dare to take the initiative, be bold and enterprising, take the lead in class, and be effective," he said. It will try to build a high-quality management team that can handle 100 billion yuan.

In terms of building core competitiveness, Junping emphasized that if we want to successfully win the "Twelve Five Year" target of 100 billion yuan and realize everlasting growth, we must work diligently to build and enhance the Group's core competitiveness. We must intensify innovation in technology research and development, strategic management and control, investment and financing, international operations, talent, brand, and culture to form technologies and products, manufacturing and processes, talents and management, brands and culture, markets and services, etc. The multi-faceted core competitiveness provides strong support for achieving the one hundred billion target. We must intensify independent innovation and build core technological competitiveness. We must improve product quality and build core competitiveness in manufacturing. We must continue to innovate service models and build core competitiveness in services. We must deepen corporate culture and build core cultural competitiveness.

On the issue of how to “strengthen the scale and quality of operations and enhance the ability of enterprises to resist risks”, Fuping proposed the engine plate, the engineering machinery plate, the logistics and automobile trade plate, the energy and chemical industry plate, the auto parts plate and the special automobile plate. New thinking and job requirements.

Junping stressed that the pressure of market competition will always exist. Without a consistent fighting spirit and a thriving passion for entrepreneurship, we will regress and be left behind; in the face of new situations, new opportunities, and new challenges, we will not think about innovation or change. We must be eliminated. All Yuchai people must enhance their awareness of the crisis, establish their confidence in winning, carry forward Yuchai's spirit, express passion, explore new ideas, and dare to take on the responsibility, and work hard to achieve the business goal of 46 billion yuan in 2012.